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How to buy bitcoin in Nigeria at the very cheapest rate

How to buy bitcoin in Nigeria at the very cheapest rate

In this tutorial, I will be guiding you through how you can get bitcoin in Nigeria at a very cheap price despite our current exchange rate.

I am going to try to make this tutorial simple and basic so you can get the gist easily.

The tools needed are as follows:

VirWox Account: This is also very essential, as this is where the deal will be done. You can follow this link to register Virwox.com. I will advise to register through the link because it will make your transactions to be confirmed easily as I am virtual partner and aside that, registering through that link will be the only favor I can get from you as I have made this tutorial available for free for you.

Bank Master/Visa Card: This matters a lot because the dollar equivalence of these banks varies but you can always visit abokifx.com to get the current and update exchange rate.
I will personally recommend GTBank and Access Bank as both banks are the ones who offers the cheapest exchange rate as at the writing of this article. And their current exchange rate is #320/$ and #325/$ respectively as at the time of writing this article.

Paypal Account: This can be optional, but I you can have it in order to have more than one method of obtaining dollar.
The only condition here is that the paypal account has to be verified, otherwise, Virwox will not accept payment from it.
If it’s a Nigerian paypal account you want to use, verifying it will only require you to confirm your email address and add a bank card.

Blockchain Wallet: Lastly, you’ll need a wallet from blockchain.info. This is where your final bitcoin can reside for further transactions.

Here are the Procedures as follows:

Before I digress fully into the procedures, one thing to note is we cannot directly buy bitcoin from paypal, and buying bitcoin with our debit card directly still amount to the same rate which many Nigerian bitcoin site trade which is around #550/$ or more.

Our sole reason of going through this method is to allow us get bitcoin at a very cheaper rate.

At the end of the transaction, we may have bought our bitcoin for #320/$ but because of the charges involved in this process, we can estimate it to around #380/$ (though it varies) but it’s still reasonable than buying bitcoin for #500/$

The maximum amount you can purchase per 24hours is indicated beside the currency. Mine is showing $48 because I have just purchased a $50 with the 24hrs of writing this article.

Upon purchasing USD, a small charge is deducted as the transaction fee (depending of the mode of payment) and the fees are indicated below here:

Step 3: Once the USD is purchased, it will reflect in your account as the USD balance, and the next step is to purchase SLL using USD in your account. And this will be done by clicking the USD/SLL as shown below:

Step 4: Once that has been concluded by clicking the Next button. Your account will then reflect SLL balance, and the next step which is the final step is to purchase bitcoin using the available SLL in your account by clicking BTC/SLL as shown below:

Step 5: Once the above has been concluded then your account will reflect BTC Balance, And you can optionally withdraw your bitcoin to any of your intended wallet (I make use of blockchain), but note that a transaction fee is charged here which may be around 0.003BTC and it takes about 6hrs to 48hrs for the transaction to be successful. The max hour I have experienced here less than 24hrs, but don’t be scared as nothing will ever happen to your bitcoin. You will also get an email when the transaction has been processed.

Bonus: When withdrawing to your bitcoin wallet, please be sure your bitcoin address is correct so as not to transfer to someone else (you can cancel the order) and you can check your order status/transaction history to know if your bitcoin has been sent successfully to your wallet.

And this is the end to the tutorial, and all the procedures and transactions mentioned above except the final withdrawal takes effect immediately without any delay.

Thanks for reading and share with others just as i have shared with you.

For more information, complaint or support, please feel free to contact me here or on WhatsApp or Call me.

Please endeavor to comment and I am open to any further question.

Tip: If you can have your way, you could make a lot of money from this and being a reseller and by mining or trading it.

Bitcoin has far become so popular that it is now everywhere online! Many people have been asking how they can get to know Bitcoin more so I have decided to explain all the basic ins and outs.You will LearnWhat is Bitcoin?How it worksHow you can get a Bitcoin wallet free of chargeHow to fund your Bitcoin WalletWays to double/grow your BitcoinWhat is Bitcoin?Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins are not printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.How to get Started with BitcoinThe first step to getting started with Bitcoin is to get a bitcoin wallet which would be explained below in some short and simple steps.A Bitcoin wallet is like a bank that helps store all your obtained Bitcoins. There are different Bitcoin sites where you can create a bitcoin wallet for free, examples are:CoinbaseBitx.comBlockchain.infoBut I personally recommend blockchain.info because I have been using them for quite some time now and have had no issues with them, though other Bitcoin wallet websites are ok too, But I am going to be using Blockchain.infoNow that you’ve had knowledge about Bitcoin wallet, it is time you get to know how to create a bitcoin wallet which would be explained below:How to get a Bitcoin Wallet from BlockchainStep 1. Visit blockchain.info and click on Wallet >> Get a Free Bitcoin Wallet, this registration would require you to input your email address and other necessary information. Make sure to provide the correct detailsStep 2. You would be asked to confirm your email make sure to do so, and also take/not down your wallet ID because it is what you are going to be used to Login to your Bitcoin Wallet (Blockchain).Step 3. Now that you are all set, it’s time to fund your Bitcoin WalletHow to fund your Bitcoin WalletNow there are two ways to fund your Bitcoin walletMining Bitcoins:This process is free but I personally do not recommend it because most of the bitcoin mining sites end up being a scam. Example of some sites that allows you earn free bitcoins is bitminer.io, coinn.io, earnfreebitcoins.net and lots other.I am not condemning the sites but I share from my own personal experience, while there are scams; there are also legit ones. So it’s up to you.Buying BitcoinsThis is the most recommended way because the transaction is discussed between two parties i.e. You (The buyer) and the second party (The seller).But you have to trade carefully as there are scammers everywhere Apart from this there are also sites online where you can buy bitcoins e.g. 247xchanger.com, 9jacash.com, 247exchanger.com, etc.You can search on google with the keyword “Where to buy and sell bitcoin in nigeria”. Now that you know how to fund your Bitcoin wallet you might be asking “How to Double my Bitcoins or Earn Bitcoins” There are many ways you can double your bitcoin wallets which are mentioned belowWays to Earn Bitcoins and Perhaps Make money from itThere are many sites you can invest your Bitcoin to get double in few days/months but in the process of doing this, you have to be careful!You could search up google for “Invest in Bitcoins” and there’d be a lot of them available.You simply join the programme and help a member of the community with some bitcoins and you in return get some of your investment.Let’s take for instance you join the programme and invest $10 bitcoin, you get 100 or the stated at the end of the month, weekly etc..Last but not the least you may want to ask “How Do I convert this bitcoins to Cash”?How to Convert Bitcoins to Cash and Send to your Local Bank AccountTo convert your bitcoin to cash, follow the below explanation.After growing your bitcoins, a great way to convert it to physical cash is to sell it!Bitcoins rate increases day by day and many people are in need of it either for investment, for resale etc.So you can actually sell your bitcoins for cash! Some sites you can sell your bitcoins are 247xchanger.com, you can check google for sites where you can sell your bitcoins instantly, you get paid the cash directly to your bank account while you send them a number of bitcoins required.So I believe by now I have been able to explain to you in details How Bitcoin Works.Legit Nigerian Sites to Buy and Sell Bitcoins LegallyIf you are looking for Best and Trusted Nigerian sites where you can buy and sell bitcoins, then check 247xchanger247xchanger247xchanger.com is operated by Rivox Solutions NIG. LTD which is a registered company with CAC. The company is registered to provide e-commerce services, Internet Marketing, ICT, e-currency exchange, etc.On 247xchanger you can buy your bitcoins either for re-sell, investment etc. While you can also, sell bitcoins if you want to convert your bitcoins to cash. Apart from buying and selling bitcoins.To get started you should head into 247xchanger.com and SignUp, then carry out your transactions.I have personally used them, and their service’s fast and trusted. So you have no fears transacting, You can trade with them safely and if you face any difficulties while surfing through their site, do not hesitate to contact their support team.In summary of the above post, below are the best Nigeria Sites to buy and sell bitcoins;247xchanger9jacashCarproglobalLearning how bitcoins work should not be a problem anymore, however, I encourage you to keep on exploring as that is the best way to get to know anything easily and fast.